Drudge Retort: The Other Side of the News

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Saturday, September 25, 2021

The global semiconductor shortage that has paralyzed automakers for nearly a year shows signs of worsening, as new coronavirus infections halt chip assembly lines in Southeast Asia, forcing more car companies and electronics manufacturers to suspend production.

For decades, doctors and hospitals saw kidney patients differently based on their race. A standard equation for estimating kidney function applied a correction for Black patients that made their health appear rosier, inhibiting access to transplants and other treatments.

The rewards of an early Donald Trump endorsement will be on display Saturday in Georgia when a three-man ticket of candidates he's backing in 2022 Republican primaries will be featured at one of his signature rallies.

Former President Donald Trump's company will have to hire an outside firm to search its documents if it doesn't soon fully comply with subpoenas issued by New York Attorney General Letitia James, a judge warned. read more

Friday, September 24, 2021

Arizona schools that chose not to adopt universal masking policies earlier this semester were more likely to have an outbreak of the coronavirus, according to a recent study by the Centers for Disease Control and Prevention. read more



Nike Call Shows How Complicated and Messy Logistics Have Become

...Nike cut its revenue forecast and warned of inventory shortages in the coming months that will affect its business across regions. The mess stems from long shipping times and factories that have been forced to halt production due to Covid-related lockdowns. That's left management searching for answers.

Executives said they didn't anticipate that the situation would worsen over the last 90 days, with government shutdowns in Vietnam and Indonesia and bottlenecks clogging transit around the world.

They went into extraordinary detail to explain the situation to investors and analysts. Friend said 80% of Nike's shoe factories in Vietnam and nearly half of its apparel plants are closed, causing the loss of 10 weeks of production thus far. It'll take several months to get back to full capacity.

Shipping times, meanwhile, have doubled across key routes from Asia to North America because of congestion at ports and railways, plus labor shortages. Goods that used to take 40 days to ship across the planet now take 80 days, leaving products stuck in transit for months. Margins have been hurt by rising ocean-freight surcharges....

Just the flu, indeed....


Trump Probe by Vance Has Collected Millions of Internal Records

...In a court filing Friday, the office of Manhattan District Attorney Cyrus Vance Jr. disclosed a summary of the material collected so far in the investigation. It didn't provide the actual documents, but included a broad overview of what prosecutors have gathered in their two-year inquiry, as well as some of the witnesses who gave testimony.

While much of the material is already familiar from Vance's indictment of the Trump Organization and its former chief financial officer, Allen Weisselberg, the filing indicated prosecutors have made at least two agreements with witnesses connected to the Trump Organization to provide information in the case, in exchange for a government promise not to use it against them.

Prosecutors also revealed compliance with subpoenas issued to Jeff McConney, a subordinate to Weisselberg, and Keith Davidson, a California lawyer who was involved in 2016 hush money payments made to silence women claiming to have had affairs with Trump.

Also included in the filing were indications the government has documents it marked as "Martabano." Charles Martabano represented the Trump Organization in its dealings with a property in Westchester County called Seven Springs, which has been a focus of Attorney General Letitia James' parallel inquiry into Trump's tax filings.

The court filing also shows that Vance's office has reviewed records from multiple banks, law firms and accounting firms, internal Trump Organization records, as well as evidence from the Federal Bureau of Investigation, U.S. Customs and Border Protection, and FinCEN, the U.S. Treasury unit that monitors suspicious financial transactions....

Live updates | Arizona's GOP election audit results

...1 p.m. Arizona Senate President Karen Fann has arrived in the Senate chambers. Cyber Ninjas CEO Doug Logan, CyFIR founder Ben Cotton, and Randy Pullen have also arrived. Fann thanks her supporters and the 1,500 volunteers who assisted in the review process.

"This has never been about overturning an election," Fann said.

The Republican senator emphasized how the audit's goal was to maintain "election integrity" in Arizona.

... "This has never been about overturning an election," Fann said. ...

True. It is, among other things, about the GOP trying to taint this and future elections.

Watch: Cyber Ninjas release findings of Arizona election review

...Nearly six months after they were hired by Arizona Senate Republicans to dig into the 2020 Maricopa County election, Cyber Ninjas were set to officially release their findings during a Friday afternoon meeting.

The big reveal is scheduled for 1 p.m. Arizona time (4 p.m. ET) in the Senate chambers in downtown Phoenix and is being livestreamed....

Livestream: www.azleg.gov

Tangentially related...

How Accounting Giants Craft Favorable Tax Rules From Inside Government

... Lawyers from top accounting firms do brief stints in the Treasury Department, with the expectation of big raises when they return.

For six years, Audrey Ellis and Adam Feuerstein worked together at PwC, the giant accounting firm, helping the world's biggest companies avoid taxes.

In mid-2018, one of Mr. Feuerstein's clients, an influential association of real estate companies, was trying to persuade government officials that its members should qualify for a new federal tax break. Mr. Feuerstein knew just the person to turn to for help. Ms. Ellis had recently joined the Treasury Department, and she was drafting the rules for this very deduction.

That summer, Ms. Ellis met with Mr. Feuerstein and his client's lobbyists. The next week, the Treasury granted their wish " a decision potentially worth billions of dollars to PwC's clients.

About a year later, Ms. Ellis returned to PwC, where she was immediately promoted to partner. She and Mr. Feuerstein now work together advising large companies on how to exploit wrinkles in the tax regulations that Ms. Ellis helped write.

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